Although the Jefferson nickel from 1998 may appear to be a common coin, its worth can go beyond its face value of five cents. This is because the value of the coin can be affected by factors such as its condition, mint markings, and sometimes unusual faults.
In this article, we discuss the various varieties of nickels that were issued in 1998, their potential value, and the characteristics that set certain instances apart from others among collectors.
Overview of the 1998 Jefferson Nickel
Since 1938, the Jefferson nickel has been a consistent component of the United States’ monetary system. Its back depicts President Thomas Jefferson’s residence, Monticello, while the obverse features the coin. The minting of of the 1998 nickel took place at:
- Philadelphia Mint (no mint mark)
- Denver Mint (D mint mark)
- San Francisco Mint (S mint mark), specifically for proof coins.
There were billions of nickels struck in 1998, which means that the majority of them are relatively common. Some coins, on the other hand, can command higher prices than others, notably those that are in pristine condition, have errors that are one of a kind, or have been struck as proof coins.
Also see:-Find Out How Much Your Old 1996 Jefferson Nickels Are Worth Today
How Much Is a 1998 Nickel Worth?
1. Circulated 1998 Nickels
Nickels from 1998 that are still in circulation are worth their face value of five cents the majority of the time. On the other hand, coins that are in superior condition can be subject to somewhat higher commissions.
- Value: $0.05 to $0.10 for circulated examples.
2. Uncirculated 1998 Nickels
There is a significant increase in the value of uncirculated coins, particularly those that have been graded MS-65 (Mint State) or higher. The original mint shine of these coins is frequently preserved, and they do not exhibit any signs of wear.
- Value: $0.25 to $1 for uncirculated coins. High-grade examples (MS-67 or above) can fetch $10 to $20, depending on demand.
3. Full Steps Nickels
Nickels with the “Full Steps” (FS) design are extremely valuable to collectors. These coins are given this distinction because they have steps on Monticello that are completely visible and unbroken. It is common for Full Steps detailing to become worn down with time, which makes them extremely rare and coveted.
- Value: $10 to $50 for 1998 nickels with Full Steps, with higher-grade examples fetching more.
4. Proof 1998-S Nickels
Proof nickels, which were struck at the San Francisco Mint, were especially designed for collectors. They have a finish that is similar to a mirror and feature outstanding detail. The circulation of these coins was not intended to take place.
- Value: $2 to $5 for standard proof coins; $10 or more for higher-grade proof specimens.
5. Error Coins
Due to the fact that they are uncommon and one-of-a-kind, error coins are among the most valued nickels from 1998. Take note of:
- Off-Center Strikes: These coins can be worth $20 to $200, depending on the degree of the error.
- Double Dies: A doubled die coin, where parts of the design appear doubled, can fetch $25 to $100.
- Die Cracks and Clashes: These coins can sell for $10 to $50, depending on the visibility and prominence of the error.
What to Look for in a 1998 Nickel
To determine the value of your 1998 nickel, consider the following:
- Condition: Coins in better condition are worth more.
- Mint Mark: Check for the “D” (Denver) or “S” (San Francisco) mint marks.
- Full Steps Designation: Examine Monticello’s steps for clear, uninterrupted lines.
- Errors: Use a magnifying glass to inspect for minting errors like doubling or cracks.
Conclusion
It is true that the majority of 1998 Jefferson nickels are worth their face value; but, there are several factors that can make them substantially more valuable, such as being in uncirculated form, having Full Steps detailing, having proof quality, or having minting mistakes.
If you take a closer look at your 1998 nickel, you might find a hidden treasure beneath the surface. This is true whether you are a collector or simply inquisitive about the coins that are in your pocket change.
